Indian outsourcing company Tata Consultancy Services (TCS) is looking to quadruple its staff in China over the next five years to meet the outsourcing demand from Chinese companies, the Wall Street Journal reported. TCS is looking to increase its China-based staff to 5,000 by 2014 from the current 1,100. The increase will allow TCS to move away from dependence on the US and Europe, where it has lost revenue due to the global economic downturn, and concentrate on growing its share of the outsourcing market in the Asia-Pacific region, the Middle East and Africa. China is expected to be a growing market for outsourcing as more Chinese companies go global. According to consultancy IDC, offshore software-development revenue from China is expected to more than double to US$6.78 billion in 2013 from US$2.72 billion in 2009. TCS entered China in 2002 and has a stake of about 66% in a joint venture, TCS China, that it formed with three Chinese companies in 2006. Microsoft joined the venture in 2008 with an 8.7% share.
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